NIMBY progressives tend to think that things like rent control will protect the current resident in that situation.
Which is true, but it’s very short-term oriented. NIMBY policies tend to benefit incumbents at the expense for future generations.
Living in Manhattan or San Francisco can be surprisingly affordable if you happen to still live in the rent controlled or rent-stabilized apartment you moved into in 1992. But all the young artists and professionals who come after you get screwed because rent control and various other NIMBY policies make new construction less abundant and thus more expensive.
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